EBF draft response to the BCBS consultation on internal models
Publication date: 24 June 2016
The EBF welcomes this opportunity to participate in the international debate on the use of internal rating based (IRB) models for regulatory purposes. The European banking industry has always shown continued commitment to the development of harmonised regulatory standards that pursue financial stability and, at the same time, respect banking business and risk management practices, including the use of advanced models. European banks collaborated with the Basel Committee and their supervisors in the definition and adoption of the Basel II Accord as a global standard for capital adequacy overcoming the limitations of the previous standard of Basel I.
This EBF response paper is organised in three parts:
– Key points, in general and in particular;
– General remarks;
– Specific comments in the order of the consultative paper.
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The EBF is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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